William A. Tice Resigns From Board; Reddoch Named

    KNOXVILLE, Tenn.--Dec. 20, 2001--Tice Technology, Inc. (OTC BB: TICE) acknowledges the receipt of the resignation of board member William A. Tice from the Tice Technology, Inc. Board of Directors as well as from the Board of Directors of the company's subsidiary, Tice Engineering and Sales, Inc. Mr. Tice has been a member of Tice Technology's board since its inception in 1997 and is considered the founder of Tice Engineering and Sales, Inc. Mr. Tice's resignation follows the cessation of manufacturing and development activities at Tice Engineering and Sales, Inc., where Mr. Tice served as its President. Mr. Tice also agreed to convert approximately $520,000 of a note payable to him from the Company's TES subsidiary to 1,125,000 restricted common shares of Tice Technology, Inc., and to limit the amount of shares he would offer for sale into the market during the next thirty months.
    Thomas Reddoch was named to serve the remainder of Mr. Tice's term until the next annual meeting. Mr. Reddoch brings more than 25 years of business experience to the Board of Directors of Tice. Mr. Reddoch currently holds the position of President of Container Technologies, Inc. as well as an adjunct role as President of the Tennessee Center for Research and Development. "We are excited to have Mr. Reddoch join our Board. His experience and perspective on strategic issues of Tice Technology will be invaluable," said Charles West, President and CEO of Tice Technology, Inc.

    Tice is a publicly traded holding Company providing diverse products and services through three wholly owned subsidiaries:

    MidSouth Sign Company, Inc. sells and produces metal and vinyl signs and National Survey Associates (a division of MidSouth Sign Company, Inc.) provides national signage surveys and other services for commercial clients. Customers include American Express, Clayton Homes, and Compass Bank.

    LandOak Company, Inc. is an automobile and equipment rental and leasing company for individual and commercial clients throughout the upper East Tennessee area. Customers include Tennessee Eastman and the Tennessee Valley Authority.

    Tice Engineering and Sales, Inc. (founded in 1965) until recently provided engineering and technical solutions for specialized, industrial sewing equipment. Tice is widely known in the apparel industry for its patented Electronic Gearing Technology that is made available to other sewing equipment manufacturers through licensing arrangements.